New position to porfolio

Opened a long position in SHLD yesterday. Ive been watching this stock for a while and believe I got a good entry point. I am a bit of a contrarian, and look for good stocks at lows that may have been oversold a bit. I view SHLD as more of a holding company ala Warren Buffett then a retail play. I would not bet against Eddie Lampert.




On my watch list- SNDA. Its been up 26% before it came across my radar. Chinese internet gaming company. They make role playing games like World of Warcraft for Chinese. Low P/E (16) considering industry type and the fact that it's a China play.

Chinese consumers are dying over these games, prostituting themselves out, spending money on face weapons... It's like investing in legal heroin.
http://www.geek.com/chinese-man-dies-after-week-long-gaming-session/?rfp=dta

Shanda has been beating estimates every single quarter. I believe this is a great buy now. Trading around 36. Look for a top of at least 45-46.